Short Interest in MasTec, Inc. (NYSE:MTZ) Grows By 31.6%

Key Points

• Short interest in MasTec, Inc. increased by 31.6% in August, totaling 1,540,000 shares as of August 15th, with a short-interest ratio of 1.7 days.
• MasTec reported an earnings per share (EPS) of $1.49 for the last quarter, exceeding estimates, with a year-over-year revenue increase of 19.7%.
• Several institutional investors have significantly increased their positions in MasTec, with Osaic Holdings Inc. raising its stake by 71.6% during the second quarter.

MasTec, Inc. (NYSE:MTZ - Get Free Report) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 1,540,000 shares, agrowthof31.6% from the July 31st total of 1,170,000 shares. Based on an average daily volume of 895,800 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 895,800 shares, the short-interest ratio is currently 1.7 days.

MasTec Stock Performance

Shares of MTZ stock traded down $2.73 during mid-day trading on Tuesday, hitting $174.02. The stock had a trading volume of 47,002 shares, compared to its average volume of 1,026,324. MasTec has a fifty-two week low of $99.70 and a fifty-two week high of $194.00. The firm has a market cap of $13.73 billion, a PE ratio of 51.49 and a beta of 1.81. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. The company's 50-day simple moving average is $177.93 and its 200-day simple moving average is $151.61.

MasTec (NYSE:MTZ - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter last year, the business earned $0.96 EPS. The business's revenue was up 19.7% on a year-over-year basis. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Sell-side analysts anticipate that MasTec will post 3.44 earnings per share for the current year.

Insider Activity

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the completion of the transaction, the executive vice president owned 101,349 shares of the company's stock, valued at $18,312,750.81. This represents a 8.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the sale, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. This represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is owned by corporate insiders.

Institutional Trading of MasTec

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its position in MasTec by 71.6% during the second quarter. Osaic Holdings Inc. now owns 30,118 shares of the construction company's stock worth $5,132,000 after acquiring an additional 12,567 shares during the last quarter. American Trust acquired a new position in MasTec during the second quarter worth about $202,000. Geneos Wealth Management Inc. raised its position in MasTec by 62.6% during the second quarter. Geneos Wealth Management Inc. now owns 1,242 shares of the construction company's stock worth $212,000 after acquiring an additional 478 shares during the last quarter. FORA Capital LLC acquired a new position in MasTec during the second quarter worth about $1,717,000. Finally, Headlands Technologies LLC raised its position in MasTec by 1,544.7% during the second quarter. Headlands Technologies LLC now owns 1,694 shares of the construction company's stock worth $289,000 after acquiring an additional 1,591 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of MasTec from $195.00 to $227.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. TD Cowen boosted their target price on shares of MasTec from $175.00 to $195.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. KeyCorp boosted their price target on shares of MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Roth Capital initiated coverage on shares of MasTec in a report on Tuesday, July 1st. They issued a "buy" rating and a $210.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on shares of MasTec in a report on Friday, May 16th. They issued a "buy" rating and a $188.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $196.22.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.